Agency
In Ohio, a 'designated agency' arrangement means:
AThe brokerage represents both parties as a dual agent
BThe broker designates different affiliated licensees to represent the buyer and seller separately✓ Correct
CThe broker personally handles the transaction without involving agents
DAn attorney is designated to supervise the transaction
Explanation
In designated agency, the broker designates separate affiliated licensees to exclusively represent the buyer and seller within the same brokerage, avoiding a full dual agency situation.
Related Ohio Agency Questions
- What is an agency relationship in Ohio and how is it created?
- When an Ohio real estate agent receives an offer on their listing, they must present it to the seller:
- In Ohio, which statement is TRUE about a seller's agent in a transaction where the buyer is unrepresented?
- Dual agency in Ohio is permitted only when:
- In an Ohio in-house transaction where the same brokerage represents both buyer and seller, the broker may choose to:
- A listing agent who learns that the seller's property has a leaking roof must:
- In Ohio, the Consumer Guide to Agency Relationships (CGAR) must be provided:
- Under Ohio agency law, the 'principal' in a real estate agency relationship is:
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